Accuray (ARAY) Reports In-Line Q2 EPS, Affirms Guidance

Accuray (NASDAQ: ARAY) reported Q2 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $108.9 million versus the consensus estimate of $102.36 million.

2016 Financial Guidance

Accuray reaffirmed previously provided financial guidance for fiscal 2016. Total revenue is expected to be between $395 million to $410 million and adjusted EBITDA is expected to range between $25 million to $35 million. Accuray continues to expect that gross orders for the fiscal year will be approximately $295 million, which would represent a 10 percent increase year over year.

This financial guidance is unchanged from that provided on January 11, 2016.

For earnings history and earnings-related data on Accuray (ARAY) click here.

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